Short answer
FedEx (FDX) filed its Q4 2025 10-Q quarterly report on Dec 18, 2025 for the quarter ended Nov 30, 2025. Quarterly revenue was $23.5B (up 6.8% year over year) with net income of $956M.
Q4 2025 key financials · XBRL
- Revenue
- $23.5B
- +6.8% YoY · +5.5% QoQ
- Net income
- $956M
- +29.0% YoY · +16.0% QoQ
- Operating margin
- 5.9%
- EPS (diluted)
- $4.04
- +33.3% YoY · +16.8% QoQ
Source: XBRL data from the FedEx (FDX) Q4 2025 10-Q on SEC EDGAR. USD.
FedEx Q4 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- No profitability or margin % figures provided or compared YoY
- No segment or product line financial performance metrics presented
- Voluntary pension contributions $200M in H1 FY26; anticipated additional $75M for remainder of FY26
- Management highlights aircraft modernization with fuel-efficient Boeings, stable credit ratings, and dividend $1.45 per share declared; discusses multiple industry and operational risks affecting near-term outlook
Risk Factors
- New separation costs risk: $152M second quarter and $161M first half 2026 costs related to planned FedEx Freight spin-off, absent in prior year periods
- Material update operational risk: FedEx Freight operating income down 71% Q2 2026 vs Q2 2025 due to spin-off costs, lower demand, higher wages and intercompany charges
- Regulatory/compliance risk: Increased customs-related brokerage fees driven by changes to de minimis exemption and global trade policy impacts
- Market risk: FedEx Freight volume down 4% Q2 2026 amid macroeconomic weakness, trade policy uncertainty, and excess LTL capacity
- Financial risk: Cash and cash equivalents increased to $6.6B at Nov 30, 2025; €850M senior unsecured debt issued Q1 2026, partly used to repay €500M notes at maturity
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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